SEC and NASD Investor Education Foundation

There are lots of good suggestions here. Recurrent themes —

  • need for cooperation amongst the regulators / law enforcement / non-profits / service agencies / etc.;
  • where to find help isn’t clear;
  • socialability (sp?) should be turned against the scammers (don’t isolate yourself: use your social skills to find and share accurate information)
  • as my friend John Aguino (NM Council on Indian Aging) says, elderlies need to know their rights and stand up for themselves.

By Lauren Dake | Contributor to The Christian Science Monitor, from the July 24, 2006 edition

WASHINGTON – Frieda White was the perfect target. Recently divorced, the 70-year-old hoped to supplement her monthly $1,196 fixed income by starting a small business out of her home. When Ms. White received an e-mail purportedly looking for eBay workers, she didn’t see any harm in responding. Not long after White hit “reply,” she received a phone call that would persuade her to take out a $5,365 loan on her Discover card to start her own business….

The SEC took a step in that direction last week when it hosted its first-ever Seniors Summit in Washington, D.C….
[http://www.sec.gov/news/press/2006/2006-109.htm]

Part of the solution, officials say, is teaching seniors how to spot the scammers. Another part is greater cooperation among various levels of law enforcement…. State and federal regulators from across the country met to discuss ways to combat investment fraud as well as a new report on the tactics scammers use. The study, released by the NASD Investor Education Foundation, may help blunt what regulators worry will be an increasing trend: scammers targeting seniors.

…Since states use different titles for their regulators, finding the right person to contact can be difficult. The NASAA’s website (www.nasaa.org), has a link titled “contact your regulator,” and the NASD has a hotline (800-289-9999) that can help investors determine whether sellers are licensed and whether there have been any complaints or legal action taken against their company.

"How seniors can spot a con more easily"
http://www.csmonitor.com/2006/0724/p13s01-lign.html?s=hns


Site Search Tags: , , ,

Advertisements

O’Folks (off their rocker)

Old age isn't a disease.

Arctic sunset

© header image

Comments how-tos

For those new to blogs, check out this post *commenting on blogs* Recent comments, on the sidebar blogroll, often have additional or complementary information. Recent revisions of posts themselves may be found by using the search box for "revised". Tech support says spam (ads or worse) is hitting WordPress heavily so if you don't see your comment in 24 hours, send an E-mail and TS will check the spam trap.

RSS BHIC Bringing Health Info to the Community

  • An error has occurred; the feed is probably down. Try again later.

Categories

RSS Nonagenarian news

  • The World's Wealthiest Woman, L'Oreal Heiress Liliane Bettencourt, Dies At Age 94 - Forbes
    ForbesThe World's Wealthiest Woman, L'Oreal Heiress Liliane Bettencourt, Dies At Age 94ForbesThe world's wealthiest woman, L'Oreal heiress Liliane Bettencourt, has died, according to a statement from her daughter on Thursday. She was 94 and was the thirteenth richest person in the world at the time of her death, with a net worth that Forb […]
  • Jake LaMotta, boxer who was subject of 'Raging Bull,' dies at age 95 - ESPN
    ESPNJake LaMotta, boxer who was subject of 'Raging Bull,' dies at age 95ESPNFormer middleweight champion Jake LaMotta, whose story was told in the autobiography and film "Raging Bull," has died at the age of 95.Jake 'The Raging Bull' LaMotta Dies at Age 95Bleacher ReportJake LaMotta Dead: Boxer Who Inspired 'Raging Bull […]
  • One of the last Kansas Pearl Harbor survivors dies, age 95 - Wichita Eagle
    Wichita EagleOne of the last Kansas Pearl Harbor survivors dies, age 95Wichita EagleEarl Michael “Mike” Schaeffer Jr. of Hays and a longtime resident of Assaria was a survivor of the Japanese attack on Pearl Harbor and a pilot in the first wave of planes in the Battle of Midway during World War II. The retired U.S. Air Force veteran ...
  • Character actor Harry Dean Stanton dies at age 91 - fox8.com
    fox8.comCharacter actor Harry Dean Stanton dies at age 91fox8.comLOS ANGELES — Harry Dean Stanton, the shambling, craggy-face character actor with the deadpan voice who became a cult favorite through his memorable turns in “Paris, Texas,” ”Repo Man” and many other films and TV shows, died Friday at age 91.Actor Harry Dean Stanton Dies in LA at Age 91KTLAHarr […]
  • Former Alaska First Lady Ermalee Hickel dies at age 92 - KTUU - KTUU.com
    KTUU.comFormer Alaska First Lady Ermalee Hickel dies at age 92 - KTUUKTUU.comFormer Alaska First Lady Ermalee Hickel has died. Family members say she passed away surrounded by friends and family.and more »
  • Penny Chenery, owner of Secretariat, dies at age 95 - Daily Racing Form
    Daily Racing FormPenny Chenery, owner of Secretariat, dies at age 95Daily Racing FormPenny Chenery, the beloved owner of Secretariat whose influence on the sport spanned decades and whose standing inspired generations of women in racing, died on Saturday at her home in Colorado from complications of a stroke at age 95, her family ...Penny Chenery, breeder of […]
  • JP Donleavy, author of 'The Ginger Man,' dies at age 91 - Miami Herald
    thejournal.ieJP Donleavy, author of 'The Ginger Man,' dies at age 91Miami HeraldJ.P. Donleavy, the incorrigible Irish-American author and playwright whose ribald debut novel "The Ginger Man" met scorn, censorship and eventually celebration as a groundbreaking classic, has died at age 91. Donleavy, a native New Yorker who lived his ...Accl […]
  • Poet John Ashbery dies age 90 | Books | The Guardian - The Guardian
    The GuardianPoet John Ashbery dies age 90 | Books | The GuardianThe GuardianAshbery, who won the 1976 Pulitzer Prize for his collection, Self-Portrait in a Convex Mirror, died at his home on Sunday of natural causes.John Ashbery, regarded as one of the world's greatest poets, dies at 90Los Angeles TimesPulitzer-winning poet John Ashbery dies at age 90Th […]
  • WATCH: Legendary Raging Bull boxer Jake LaMotta dies age 95 - Independent.ie
    Independent.ieWATCH: Legendary Raging Bull boxer Jake LaMotta dies age 95Independent.ieEmbed code: Size: 320x240, 640x480, 1280x720. Direct link: Replay. Related Videos. Blue Billywig Video Player. Jake LaMotta, former world middleweight boxing champion who was portrayed by Robert De Niro in the film Raging Bull, has died aged 95.
  • Gin Wong, Visionary Architect Who Inspired The Jetsons, Dies at ... - Interesting Engineering
    Interesting EngineeringGin Wong, Visionary Architect Who Inspired The Jetsons, Dies at ...Interesting EngineeringInfluential Los Angeles architect Gin Wong, who is responsible for some of the most iconic buildings built in California in the post-war era, died this month, ...and more »
July 2006
M T W T F S S
« Jun   Aug »
 12
3456789
10111213141516
17181920212223
24252627282930
31  

Haeremai Camai Bula Bepuwave Bienvenidos

  • 170,129 visitors

%d bloggers like this: